Tag Archives: Boris Johnson

The cornered bully

We all have these moments, when we have to speak out against dopey (the bully in the corner) but the boss we report to is a spineless sack of shit and he will not do anything, more importantly he seems to be heralding the voice of the bully like he has credibility. So there we are, the bully (America), the spineless boss (pretty much most nations in the EU and the Commonwealth) and the people ready to speak out, the IT experts who are muzzled by bosses, because they are afraid to start a fight.

That is the setting that the Guardian introduces us to with ‘Using Huawei in UK 5G networks would be ‘madness’, US says‘ (at https://www.theguardian.com/technology/2020/jan/13/using-huawei-in-uk-5g-networks-would-be-madness-us-says). We have seen it before, the US is now getting more and more afraid of the billions being missed out on and they are going full throttle with the fear mongering. Even as we see “Matt Pottinger, presented an incendiary dossier which they said featured new evidence of the security risks of relying on Huawei technology in future phone networks“, we get introduced to the Gerbil-in-the-groceries Matt Pottinger the new flagship for presenting ‘news’ just like Colin Powell with his Silver briefcase. You see, I am not afraid to face that music, neither are the hundreds of intrusion experts who have been unable to validate the wild fantasies of America, America took the VHS example and is trying to steer the ships of nations and now they are boasting an unwillingness to share intelligence. This is nice, but in the end, the Intelligence from the US is backdated and there is every chance that it is as false as any news they spread. The entire bully network comes to blows when we see “The intense and public lobbying presents an immediate headache for Boris Johnson“, I also do not disregard “having been repeatedly advised by the UK’s security establishment that any security risks can be contained“, this is equally important, because Alex Younger who is the official Big Boss at MI-6 stated that infrastructure this important should not leave British hands, this is not a case of Huawei being a danger, it is a national policy and that is fine, I would even state that this gives the UK and option to buy the Huawei technology, rip it apart, set it under a loop and optionally give BT a chance to become a contender, US firms will jump at that opportunity, to have Huawei technology without the Huawei fear. Let’s face it, Huawei offered that solution to the US last year, but there is a larger concern and for the US it is not really spying, it is the fear where data will end and there are several new players all non-American whilst the American data gatherers are tapped out (financially), so the US is bullying all others to wait hoping that Silicon Valley will come with an American solution that is actually real 5G, all whilst it is not coming and at present all those who delay are losing momentum and twice the amount of time on the 5G path, so any delay up to a year means a 2 year delay and they all know that you are either better (the US is not), you are first (the US can not) or you cheat (the only path the US has at present). 

This all gives us two distinct realities, the first is that for the first time the US is not the first at the top in technology, a shock they have a hard time surpassing and they are not the only 5G company, they are really not ready for real 5G, you see in my past blogs I showed that whatever they call 5G is really not 5G, nowhere near, not at those speeds. The Guardian also gives us “Ahead of the UK decision the head of MI5, Andrew Parker, said over the weekend that he saw “no reason to think” that using Huawei technology should threaten intelligence sharing with the US“, Mr Parker is right, but mainly because the quality of US intelligence is seemingly fading, they are losing sources all over the Middle East and they have too little in the Far East, as such we lose out on a source that is mostly redundant. Mr Parker’s assertion is in opposition to “a senior US official who was part of the delegation, who said: “Congress has made it clear they will want an evaluation of our intelligence sharing.”“, two parts are shown here, the fact that the bullying continue and the fact that this ‘senior US official‘ is left nameless, just like the fact that this matter is on the desk of a deputy national security advisor. In the age where America goes to vote next year, no one wants to burn their fingers and their career on this, and when the truth comes out (and it will) their careers are gone in the international field and the national field no longer has the juicy options it once had. 

When we get to “The officials, who had flown in specially from the US, would not spell out what the “relatively recent information” that they had shared with their UK counterparts was“, it is all a load of HogWash (American expression), you see, If there was any actual danger the US would spread it like a wildfire to EVERY security IT Consultant, but they did not and the news is flat on that. What we do get is ‘Facebook and Google are as much of a threat as Huawei‘ (source: Marketwatch) where we see “Facebook is already undermining the democratic process, including in the U.S. itself, where the platform has facilitated foreign interference in elections.

 

In addition, Facebook has fueled division and fear, and refused to remove hate speech, Holocaust denial and anti-Semitic posts. The platform has been described as a “megaphone for hate” against Muslims, and it is accused of facilitating a genocide against the Rohingya in Myanmar. For these reasons, the British actor and comedian Sacha Baron Cohen recently called Facebook “the greatest propaganda machine in history.”” This is true but it is only he side effect of the matter, the real issue is not there it is seen in “these threats already exist, because Facebook (which also owns Instagram and WhatsApp) and Google (which owns YouTube) have an astonishingly comprehensive range of data about their users — their location, contacts, messages, photos, downloads, searches, preferences, purchases, and much else” It is not the porridge, it is the spoon, the data is everything and as the data no longer merely flow to America, but it will flow to China as well (via aps and so on) in a larger growing slice it will no longer flow to the US, that is the real fear, it will impact all firms relying on data and that is the real ticket and it will have an impact sizing up to billions of dollars every year, it is a larger impact as data becomes the new currency. I will go as far as setting the stage that the IP I had designed will impact it even further for the globally based 400 million small business firms. Even as America sneers at the little guy, they are the foundation of data, not Google and not Facebook, they are merely the facilitators not the creators. That reality is now up for grabs in more than one way. If it was really all about security, the news would have picked up to a much larger degree to ‘Cisco critical bugs: Nexus data center switch software needs patching now‘ with the added text “Cisco has disclosed a dozen bugs affecting its Data Center Network Manager (DCNM) software, including three critical authentication-bypass bugs that expose enterprise customers to remote attacks” (source: ZDNet), this is not the first time, I gave more info months ago when at least one such an issue woke up and whilst all are screaming about 5G security and feigned Chinese values, they all ignore the Elephant in the room (Cisco), I do believe that it was an honest mistake, there was no ill practice at work (from the side of Cisco), but there is a larger concern and those security advisors connected to the Oval office do not seem to care (or optionally merely not comprehend), it is a larger issue that is impacting the Fortune 500, but the press is blind to it. In support there is also ‘A Cisco Router Bug Has Massive Global Implications‘ (source: Wired) with the added information “The devices play a pivotal role at institutions, in other words, including some that deal with hypersensitive information. Now, researchers are disclosing a remote attack that would potentially allow a hacker to take over any 1001-X router and compromise all the data and commands that flow through it. And it only gets worse from there“, which was given to us last May, with the almost complete rundown by researchers from the security firm Red Balloon. And the added information “Once the researchers gain root access, they can bypass the router’s most fundamental security protection. Known as the Trust Anchor, this Cisco security feature has been implemented in almost all of the company’s enterprise devices since 2013“, this is the setting, an impact that is global and the US is keeping it quiet, yet the unproven stage without any real evidence is heralded to the max, which gives the larger implication that this is about data and about the financial security of the US, and why should we pay for that? They were flaccid for years, they refused to innovate and China started to innovate, even as we see in the Guardian article that the kit from Huawei “cheaper and more advanced than rivals“, we see one part, the fact that the US has nothing to counter what Huawei offers is the larger concern (for America), they are 2-3 years behind and that implies that they have nothing to enter the field with until 2025 and become a real contender, at which point Huawei is the new standard and as such data will flow via Huawei and not via American solutions, the data loss for America will be to some degree crippling. their revenue from advertisement, their revenue from data sale and other revenues liked to that are all impacted, it could cost the US 50-150 billion in the foreseeable future and that is where the US fear kicks in, their debt is out of control and that amount would have a much larger impact on the infrastructure that can no longer be paid for, one system after another will fail, a cascade of systems all collapsing because the US has no reserves left, the EU is also out of reserves and they see the 5G part as essential to surpass American firms and most need to contend with spineless politicians and long winded ‘talks’ by the EU gravy train, the are all in it for the money and commercial EU is seeing it all come apart, they can hold on if they get the 5G edge, an option that the US dreads. 

As such the cornered bully is getting more brazen, relying on past tactics that exploded in everyone’s face and they are still doing it, hoping that they can get away with it the second time around, optionally they will rely on other technologies, as long as they are not Chinese, it is not the hardware, it is the data. Ericsson gives us “5G is designed for industrial applications. This means that falling behind on 5G as a platform for innovation will jeopardize the European industrial base. With two global vendors based in Europe, the continent has the prerequisite to lead” (they merely fail to inform us (for valid reasons) that the two players are Ericsson and Nokia, but their solutions are almost two full generations behind Huawei, they would need two years to upgrade and that is what they face, they were all asleep at the wheel and now that the ferryman wants to get paid for all the time they were asleep, they are no longer willing to foot the bill, 4G is almost at a break even point and that is stopping most to go forward, even as they see that 5G is going to take over, they are all afraid that the next iteration of hardware is just beyond the horizon. And they are still setting larger foundations for themselves, because the real cash is the data, not the hardware and that is the stage where they all need to select an optional new provider, the devil you know beats the devil you know not and they want their coins. 

In all this the bully in the corner is getting more and more aggravated and we see that, but they did this to themselves, when I can surpass the US in IP (something I never thought possible) that is the point you need to realise where the US failed, their IP is just not there and they have no real counters other than the Silver Briefcase scenario hoping it will buy them enough time.  You see, when we accept the foundation of one quote: ‘5G Antenna Market was estimated to be US$ 9,835.0 Mn in 2018 and is expected to reach US$ 34,720.1 Mn by 2027 growing at a CAGR of 15.5% over the Forecast Period Owing to the Evolution of Smart Antennas‘, we see what the US is missing out of, the antennas alone are setting the stage of 9-15 billion each year surpassing my estimation of 50 billion value by 2022, yet that is merely the antenna’s, Huawei launched their 5G routers last week and that is where the money becomes a serious setting. When we combine the stage offered “The power of the chipset enables the router to be the first to support commercial application of 4G and 5G dual-modes. It is the first to have the capacity to perform to industry benchmarks of peak 1.65Gbps@100MHz download speeds” with “LTE Advanced has been available for several years now and some carriers (notably AT&T in the US) are calling it 5Ge, or 5G Evolution, even though it is most definitely not an official 5G standard, but rather the latest iteration of 4G” (source: Forbes) you get to see how dire the US situation is for the US, they claim to be 5G and they are not, they claim that Huawei is a danger and they cannot prove that it is, the data is everything and they are at an ever growing risk to lose large chunks of it. Now that Huawei is forced towards their Harmony OS, we will see a growing non US population switching, meaning that the data is no longer going to the US in a readable format. That is the larger loss for the US and they are getting close to desperate. 

In my view, that is the consideration of dumping the brains that they needed and that is the consequence of a flaccid business path, down the track it tends to cost and the US is scared of that moment, hoping to scare all others, we see that the EU is considering their options and as the US loses nation after nation we see  larger stage, when the data surpasses into national hands again, they will not care about US substandard intelligence, most will have their own and a new generation of apps will be adopted by its users on a global scale.

 

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Double Standards

You might have heard of this new tech company in China, it makes all kinds of telecom stuff and they are known as Huawei. What is interesting is that we got a lecture by Alex Younger (fearless leader MI-6), he was all about the fact that at no time a national infrastructure should be done by a foreign nation, now as reasons go, this is a decent one, there is no need for evidence, it is about national interest. I was not in favour, but I do not set British policy (apparently) and as such I believe that it is an acceptable view.

In that light I have a hard time looking (at https://www.bbc.com/news/uk-50879809), where we are treated to ‘Cobham takeover: Boris Johnson defends £4bn sale to US equity firm‘, so we see a stage where British national security concerns are now going through an equity firm putting Wall Street in charge of a large chunk of British Defense. Can anyone explain that to me?

The US has one directive, serve the needs for the US and the US only, then we get Wall Street where profit is the run of the coast, so at what point was selling Cobham to any other nation a good idea?

Even as we see the statement from Boris Johnson “A lot of checks have been gone through to make sure that in that particular case all the security issues that might be raised can be satisfied and the UK will continue to be a very, very creative and dynamic contributor to that section of industry and all others“, I wonder if proper checks have been made from situations that are in opposition, the entire Yemeni war and the position of the US Congress is an apt description. Admiral Lord West was concerned and not without reason.

Issues like:

The risk of “unauthorised persons” obtaining information about the MoD’s capabilities and activity is a big one, keeping secrets in the US and on Wall Street is a challenge at the best of times and this will bite the UK before 2030, optionally before 2022. 

The threat to existing MoD programmes (due to funding cuts or moving capabilities “off-shore”), more important, whatever is done to keep the invoices low will be an affront to Wall Street an equity managers, so they will oppose whatever options the MoD finds to lower invoices. Then there is the other issue, do you think that ANY equity firm will pay £4,000,000,000 unless they can get at least double out of it? So where is that marging coming from? There is no way that this was merely for the nicety, it is an equity firm and I get that, yet what business are we in when governments hand over control of defense contractors and the power that they have within the MoD to a foreign nation? It does not rhyme and we see an absence from MI-6 setting that stage correctly (and optionally openly). 

I also believe that the moment things do go South, the people in the UK will dress up like angry villagers and quarrel their settlement with pikes and pitchforks with Business Secretary Andrea Leadsom who was kind enough to validate “she was satisfied the risks that had been identified had been mitigated “to an acceptable level”” you see an acceptable level is a subjective term and of course it will bite and probably whilst she is still in office. I am also interested in the fact that a Business Secretary sets the stage for national defence, was that her job? And I am completely with Admiral Lord West on this one, which issues had been mitigated? How were they mitigated and why was mitigation a point of discussion in the first place. 

There is another side, the side of the equity firm (advent) and in this case Shonnel Malani who states “We are confident the transaction and undertakings being given on national security, jobs and future investment, provide important long-term assurances for both Cobham’s employees and customers, particularly in the UK and also globally“, these words when you look deeper take no consideration of stock and change of stock, this is a statement of people, data and hardware are not considered in this, and perhaps the government looked at it, but I wonder to what degree. Consider the complete data branch of Cobham Airborne Surveillance not having one storage location, but now also is handed to the US data farms for intel grinding. That would be worth a pretty penny, would it not? And lets not forget, Cobham is a global player, so advent will get doors open all over the alphabet group (as well as alphabet). There is a lot of intelligence in Cobham and the deciding factor of where it goes is now in the hands of a Wall Street pleaser. 

I checked (at https://www.gov.uk/government/news/government-update-on-the-proposed-acquisition-of-cobham-plc-by-advent-international) and I was right, again we see “After meetings with the parties, advice from the Defence Secretary and carefully considering the consultation responses, Ms Leadsom has made the decision that the undertakings offered by the parties mitigate the national security risks identified to an acceptable level. She has therefore accepted the undertakings that were consulted on“, yet there is no protection of data as far as I can tell, the owners can get access to it to the largest degree. Even after Brexit, Advent can sell it to Strasbourg, leaving the UK with less options in the long run, a shortsighted response and I do personally hope that  Andrea Leadsom gets to personally deal with the cloud of angry villagers when failures come out (she is likely to be on the next plane to the US for granting this merger).

I also liked the idea that Mrs Leadsom had added “meticulously thought over” in several places. The consideration of it tends to lead towards parts no one thought off. You see, the fact that an equity firm agrees to a £4,000,000,000 caper indicates that there is a 20%-30% to be gained annually, which in the end in the long lasting set would not have made sense so sell at all, so we go towards other venues that Cobham allows for, data is one (yet not the only one), available stock is the other one. It is called vulturing, yet when we realise that there could be up to £ 6,000,000,000 in valued hardware the 30% is easily reached and over three years Cobham would be in a worse state, that last one is speculation, yet is it far fetched? Consider WHO is buying and the government as well as the stockholders are OK with it does not sit well with me. There is a truckload of value that we underestimate in any firm. We might accept “provide important long-term assurances for both Cobham’s employees and customers, particularly in the UK and also globally“, it sounds nice, but what happens when their workload doubles because Cobham ends up doing service for another player who becomes part of Cobham? Selling off was checked, yet adding inferior players to cobham seemingly was not. I look at it because the buyer is an equity firm and I tend to not trust them, I merely trust their need for greed and when they decide, they have a larger play to make profits, yet in that game there is always a victim, it is close to a given, I merely want to make sure that British defense is not that victim. 

I believe that Cobham grew well beyond the vision of Sir Alan Cobham and that is fine, but I reckon that in this case the UK government did not really “meticulously thought over” several factors and it worries me, whenever greedy firms get into a defense branch defense, the defense group tends to lose and that is never good.

 

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Rise of the corporatocracy

Yes, there is a lot wrong in the UK, no one can deny this and an election does not tend to be the place to find out what is wrong, we all know that. The politician that kisses the baby on election week might be the one person who hates babies, it is almost a given, even as I illuminated the short sighted blunders of UK Labour, there is no doubt that all parties (i never investigated all of them) have shortcomings and they will all make carefully phrased promises that they can get out of the day after the election. It is not rocket science, they all entertain such paths and we basically live with it hoping that we over time make the right choice. I have always been a tory, yet I had no issues giving my congratulations to Chuka Umanna Yesterday on his LibDems standing which is pretty good. Yet for the most it is a better system that we have in Europe, so as I saw ‘‘Brutal, packed with untruths, uninspiring’: European press on UK election‘ an article (at https://www.theguardian.com/world/2019/dec/12/brutal-packed-with-untruths-uninsipring-european-press-on-uk-election) I saw more, more than the headline and I hope others see it too. 

France

France gave us the quote “Boris Johnson: the liar weakening Europe“, Interesting is it not? ‘the liar weakening Europe‘ is a very distinct setting, a setting that happened BEFORE Boris took his present position, a setting that was decided on by voters and ‘weakening Europe’? Yes that is the worry of the corporations. You see With the UK leaving the EU the debt issues will rise to the top of nearly every nation in Europe, the UK has a much larger role to play and it wanted out. The stupidity of Mario Draghi will continue for at least 2 decades and the media is not ready to unite and state that these procedures and choices were a mistake, not or years. And for the longest time the EU was in a play where delay upon delay could keep the UK in the EU and that is now at an end and France will feel the pain of this decision, all European nations barr Germany, but they will all feel the impact and they are all scared and with them all corporations with European interests, now that the smoke is settling the plays become clear.

Germany

Germany is setting sights on Brexit, they are hoping for a Labour win because Labour is all about remaining in the EU, even as it is voiced as “A Labour victory would be a blessing for the economy. Because in the case of a victory, Corbyn wants to negotiate a ‘soft’ Brexit deal with the EU … which should be better for the economy than Johnson’s comparatively hard Brexit” I foresee a soft brexit claim, then a 180 degree on the exit and then a remain setting.

Spain

Spanish voices for the most seem to take the UK in an age of Trumpism and that is fine, it is not entirely incorrect, here we see the quote “Rafael Ramos, the London correspondent for La Vanguardia, filed a report from Tony Blair’s former constituency, Sedgefield. There he found Labour’s once impregnable “red wall” looking vulnerable, ” I had a similar view on ‘The speculative numbers‘ (at https://lawlordtobe.com/2019/12/10/the-speculative-numbers/) three days ago. and at present the news is coming by that Boris Johnson will attain supremacy (not unexpected), yet also they give ‘Jeremy Corbyn’s election performance will be the worst by a Labour leader for more than 40 years. He will have done worse than‘, I made a similar prediction, although I never made any mention that it would be the worst in 40 years. 

However, the BBC forecast seems to think that it will be CON 368 – LAB 191 – SNP 55 – LD 13. They have much better predictive models, but I am at odds on the results for the LD, Chuka Umana might be the exemption, but I expected the LD to do much better, Yes I predicted a rough exodus of Labour members, yet I expected most of them to go towards an LD environment, not ending up in the CON field. People do not tend to go from Labour to Conservatives and visa versa, in this they would take an alternative and I expected the Greens to be the alternative choice in many cases, yet the numbers do not reflect that at present, and perhaps there will be an alternative reasoning, yet the view that I personally see is not the one that is shaping and of course, I need to ask questions of me and make alterations to me views after that fact. That is what happens, but I do not usually get it this wrong and even as the winner was never really in doubt, neither was the loser, but there is a midsection that (until the full picture) emerges over time and that one I saw change in a wrongful way, I admit that and now I have questions.

Russia

The Russian side is all about the collapse of the EU, they saw that coming and so did a few others, so the quote “Zhirinovsky was probably trolling, but the sentiment is real. Russia has largely welcomed the UK’s exit from the EU as proof that the European project is coming apart at the seams” is not that much of a surprise, we all saw the writing on the walls in Strasbourg

Italy

Here we see ““Socialism or Brexit? This is the Hamlet-like dilemma of the vote in the UK,” wrote Enrico Franceschini in La Repubblica on Thursday“, it is an important view, the Guardian is right, I never looked at it that way, but the danger of a two pronged solution and a polarisation of socialism versus reality is pretty much the core for the UK in the next 4-7 years. i voice it that way because the UK coffers are empty, there is a near immediate collapse of the NHS and the consequence is a struggle with socialistic views versus the reality that will bite everyone, there is no denying it and it will bite for at least 2-3 years, the fact that it will end the EU will also make for new truths to bare out, the EU is in a worse state and when that gets out the UK path will make sense and the EU will be in denial for a long time, its laws not ready to deal with Greece, with the debts of Italy and a few other things will surface, that reality will show the power of Brexit and corporations are afraid, their numbers and predictions will go straight out of the window, at that point the debts of the US and Japan will become very real. Their cushy jobs and fat paychecks end, it scares any board of directors based in the US, their life within the land of ‘milk and honey’ will become the sustenance of ‘water and bread’ that they pushed upon many others with the greatest of ease.

Netherlands

The Dutch view is echoes via the NRC, who has a flair for the dramatic, so when we see their quote ““poor on substance and rich in empty rhetoric” for an election that “could change the course of Brexit, and the country”” we see an actual truth, it is the reality TV of politics and it has been blazing for 12 weeks 24:7, I am not surprised to see this. I just now see the message (8 minutes ago) that Jo Swinson will lose her seat to the SNP representative, OK, it shows the growth for the SNP, yet I feel a little sad for Jo Swinson, she achieved a great deal for the LD in such a short time. We also see here that the LD will win 13 seats, that is more like it! I expected the LD to be a much larger winner, yet it could be a stepping stone for the LD for the next election, Labour is unlikely to fall into any line within the next three years, the could still remain the larger loser in the next elections, they only have Jeremy Corbyn to blame and he will get blamed, make no mistake on that. 

Scandinavia

They (the Guardian) and I might have left Scandinavia for last but they do bring an interesting point to the table. With “Sweden’s Svenska Dagbladet described a country hopelessly split, and in multiple directions, leaving many voters facing “an impossible choice. How is a Conservative who wants to stay in the EU supposed to vote? Or a social democrat who believes Jeremy Corbyn is a leftwing extremist?”“, it was a fair point to bring, as a conservative I had no issues, it would all result in a stronger win for the Tories, yet I expected that some of those views would be the stuff for the LD to hunt for and bring those people into the LD field, apparently not enough was done there. Basically they all agree that the views in the UK are polarised, yet none of them take a deeper look at why they are polarised. The Greek setting changed EVERYTHING, without it Nigel Farage would never have sought the limelight, the EU through indecision only had itself to thank for that, the irresponsible spending by Mario Draghi (€ 3 trillion) is a much larger setting and whilst the EU went into managed bad news forms, we see a much larger failing in the EU, Farage started something that the people accepted, the EU is a waste of too many resources and the corporations paid to fuel it all are now in a desperate setting to avoid what comes next. Or did you think that a gravy train fuels itself? 

The UK is in a stage where it is almost desperate to seek its voice whilst the choir of 27 other voices are drowning out national needs. And when the UK does move, you will see a changing picture overnight of EU nations with towering debts, when the UK is no longer part of that, the debt stage will change and it will impact everything, that is the part that others seem to ignore, debt was, debt has been, there is no debt tomorrow, that is the wrong thought, debt must be repaid and when the UK leaves the debt picture changes and some banks will seek early payment on several debts. that is the reality of what they face. 

All this whilst the votes are still being counted in the UK.

I expect the managed bad news cycles to continue in Europe for a few days, the UK will have to lick its wounds, the Tories are up 51 seats (a lot more than I predicted), Labour is down 71 seats (I expected less worse) yet the confounding truth is that LD did not do as well as I expected. The stage is changing even further, as the WP gave us ‘Trump caves again to corporate lobbying pressure as he flip-flops on flavored e-cigarettes‘ (at https://www.washingtonpost.com/news/powerpost/paloma/daily-202/2019/11/18/daily-202-trump-caves-again-to-corporate-lobbying-pressure-as-he-flip-flops-on-flavored-e-cigarettes/5dd2377d88e0fa10ffd20edd/), we see that corporations are stronger than ever, even as it is given in the age of Trump, ther power came from the last 3 administrations, those corporations are in the know in how much dangers they are as their votes are on consumerism and debt, debt they need to see continuing and that is now in danger, the UK elections is polarising that part of all this right now. And the part where we see this come to light was given to us almost two weeks ago when we were given ‘12 EU states reject move to expose companies’ tax avoidance‘ (at https://www.theguardian.com/business/2019/nov/28/12-eu-states-reject-move-to-expose-companies-tax-avoidance), the article mentioned Ireland, Luxembourg, Malta, Cyprus, Latvia, Slovenia, Estonia, Austria, Czech Republic, Hungary, Sweden and Croatia. And only mentioned Sweden’s express view “its government feared that the directive might water down their higher standards on transparency“, which entirely different from Ireland where we saw that the IFAC (Irish Fiscal Advisory Council) warning its government “the country’s economy has become so reliant on taxes paid by multinationals that half of all of corporate taxes paid in the nation come from just 10 global companies“, 10 companies setting the taste of 50% of all corporate taxation, so for those doubting the stage I had on Corporatocracy, consider the 12 countries blocking the view we would get and why. Although in this instance the 11 (taking out Sweden) is almost 50% of the entire EU, and corporations have a lot of power, also in the 15 not mentioned. Do you still think that the entire UK exit from the EU was a simple clear cut problem? I never claimed that, but I did make the claim that the UK is better out the EU than in and this election is the first step in completing that part, corporations be damned!

 

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NATO @ 70

Yes, there have been a few issues in the last few weeks and if we try to highlight to pieces we would go crazy, mainly because one element truly is less likely to be one. Too many issues cross contaminate and give rise to other elements, as much as we do not like it, so is the issue of NATO. even from the first image we see (Donald Trump and Recep Tayyip Erdoğan get close at the summit in Watford), we get the issue of treason to deal with (at https://www.theguardian.com/world/2019/dec/04/how-does-nato-look-at-the-age-of-70-its-complicated). We seemingly forget that Turkey was the one nation stopping US assistance until all debts were forgiven, you remember those two buildings in New York? They were no longer there and hours later and it started a larger war, but Turkey stated that even as a NATO party it was supposed to be on our side, it merely was on its own side. We then seemingly forget the issues that plagued Turkey, we did not ask for any support on the hundreds of journalists it put in prison, we seemingly forgot to give any level of documentation from  Turkey, and even now, we treat it like it is an ally as it has given a larger concern to Russian hardware. NATO did nothing in light of all this, you see any corporatocracy is about the revenue of the whole and limiting that is a larger concern to those in control in Strasbourg, we could even argue that Turkey played the game brilliantly. Yet the people @ NATO are not given any requirements for evidence and for accountability.

Consider the quote we see: “Nato’s focus continues to spread. The summit is the first time its leaders have considered the rise of China, which has never been a focus for the organisation; they also confirmed that it was time for Nato to have a military presence in space, and they worried about cyberwarfare and Russian disinformation“, the two elements in play are 

  1. Rise of China tech (Huawei in 5G)
  2. Russian data bindings.

The two elements are given in different stages in the statement and off course they are given in a different light, yet the larger given setting has ben visible to a much larger issue. it is about economic advantage and NATO has none to play, merely the use of fear mongering that goes without saying, even as the UK PM adds to the fire with ‘Boris Johnson suggests Huawei role in 5G might harm UK security‘ the truth of the matter is that both the UK and the US still have not shown ANY LEVEL OF EVIDENCE that this is (going to be) the case, they are the tools of a corporatocracy trying to hold onto the next iteration of economy, a place they cannot be because they relied on flaccid technologists to create IP instead of relying on the status quo to continue, both elements fell short and the advantage of the far east came into play. This is the direct result of short sightedness and to be honest, my IP going to Huawei will be just fabulous, it would for me be the difference between a value of $2 billion and optionally $4 billion and I get 35% of either that amount (I’d be happy with either setting). 

In the second the entire consideration of Russian data bindings. As they get to syphon off the entire social media they get an advanced edition of data, the advantage that the US banked on is lost to them, or better stated they are not the only ones with access and for corporatocracy that is a larger failing, data shared is data lost meaning that larger bulks of data will go towards Russian entrepreneurs and they are hungry for a slice of the revenue cake that is in circulation, it is an amalgamation of revenues that are overlapping and larger pieces of it are starting to be lost to places like NATO, making their position smaller and more scrutinised than ever before, that is the consideration that one faces when one is nothing more than a stepping stone for any corporatocracy. It does not end there, because of the fiasco’s that the US introduced to NATO security, the first was the USS Zumwalt class, a ship that had to be almost completely redone AFTER LAUNCH, so far it is a $21.5 Billion fiasco and when we see corporatocracy setting the sun on fiascos this large, it tends to undermine places like NATO to some extent, the second fiasco is that matter is F-22, a raptor that looks awesome but is like a drained cobra, which looks nice, but in the end until it refocusses its poison is merely deadly looking and it was supposed to be deadly. Then there is the flaws that the F-35 has, in the end it all comes down to an exercise in tapping the vein at $2.7 Trillion dollars. No matter who in NATO signed up for all of it, the defense forces have close to a $3 trillion dollar fiasco and there is no substitute. All whilst Russian and Chinese engineering is making headway in several directions.

In all these events we merely see that NATO has lost traction and has lost a futuristic setting of that hat comes, it can no longer predict and whatever it predicts is based on data that all people players now have, it lost whatever advantage it had. 

All whilst those connected to whichever corporatocratic setting of checks and balances are now without any kind of accountability and as such corporations get to fill their pockets on a stage of $3 trillion that has nothing to show for it and we ask why this is not countered? Well actually the gravy trains are making sure that the question is not offered out loud, or at least not at the intensity and volume required. The Hill produced and article a little over a year ago with the headline ‘The long NATO gravy-train may soon be over for Europe’ (at https://thehill.com/blogs/congress-blog/foreign-policy/412837-the-long-nato-gravy-train-may-soon-be-over-for-europe) yet the current statement as we see NATO @ 70 gives light (read: indication) that this is still very much on the mindset of too many people, as such the gravy train is still gobbling up resources on a global scale. Even as we saw “Both Trump and Obama even accused NATO members of relying far too much on American citizens and free-riding of the U.S. security umbrella” we are left in the dark that the needs of NATO are to a larger extend Raytheon, Northrop Grumman and BAE systems and all three have issues. So whilst we seemingly adhere to “While all 28 NATO members agreed in 2014 to spend at least 2 percent of their GDP on defense, only the U.S., Greece, Estonia, United Kingdom, Latvia, and Poland are meeting the minimum guideline” we all forget that this 2% is more than merely a number, three projects are shown to be huge cash drains whilst not offering the value they supposedly have, so as such there is a larger failing. in addition we need to see the value of whatever GDP Estonia has and seek it next to the Dutch and Belgium, that number is laughingly short and Estonia would optionally have made the numbers if it bought two trucks and replaced part of its military uniforms. That is before we see what the Dutch had created towards its goalkeeper signature weapon for the navy. 

There is a much larger failing going in and NATO @ 70 is not giving us the goods, merely that it is under the mandate of a gravy train whilst reporting to corporations on what is required. Corporations that are not connected to the needs of the people, they are not elected officials and merely giving their needs to elected officials who need long train rides to figure out how to spin what is required, in all this after 70 years whilst we see Recep Tayyip Erdoğan getting close at the summit in Watford to others, yet it all makes perfect sense, and especially whilst Turkey has selected the S-400 defense system. Yet that is definitely one NATO partner we want to keep close (or that is how any corporatocracy will voice it).

Yes, I believe that the value of NATO is gone, not because of what it was supposed to do, but because the people involved created new adversarial players, players that NATO was never ready to face, it was never trained to do so and some of these players are part of the problem, they were never part of the solution.

We were always going to face new adversaries, but we never knew when they would come and for the most we never considered that it was an internal review of whatever drives us that would be our adversary, all driven by greed. 

 

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There is more beneath the sand

The Australian Financial Review has an interesting article that they released a little over 12 hours ago (at https://www.afr.com/world/middle-east/is-saudi-arabia-s-royal-family-ready-for-a-market-economy-20191112-p539sv), the title ‘Is Saudi Arabia’s royal family ready for a market economy?‘ is an interesting view on the issues that are coming around over the next decade. Stephen Cook gives us part of the goods, yet I wonder if he is cautiously holding back (an acceptable stance for any journalist) or is there more?

That is not an attack on the article; it is well written and shows a writer with a good grasp of grammar 😉 He also makes a few very nice observations. The issues that come from that are not always visible, but we should argue before we get there that any cautious journalist does not need to go there; a blogger like me on the other hand is (at times) all about the informed speculation. So when we see: “to pull off Vision 2030, Mohammed bin Salman needs some of the international goodwill he enjoyed until mid-2017“, that partially true, most of it can however be built with money and Saudi Arabia has plenty of that. At which point Mr Cook takes that frying pan and hits us with “There’s just one problem: the Aramco IPO is far riskier than the Saudis are letting on“. He gives it in the form of “The Saudis are offering stock in 2-5 per cent of the company. One of the sticking points has been valuation“, he is true, and we see that in the article that there is a margin of valuation (depending on the offerer) that is almost 50%, And that is not the only part, there is a view that Saudi Aramco will value at almost twice the price of Apple, that is a lot and there will be an actual benefit that Mr Cook does not offer. He does give us that the Saudi offering could end up netting between 24 billion and 115 billion. No matter how this turns, there will be plenty of Saudis all wanting a share or two, a population supporting its own national product, so there is interest, the benefit we do not see here is the corporatocracy that the EU has become, with value in the fire of shares, whatever Iran will think of next will bounce back, any attacks is no longer a mere Saudi Problem, Saudi Arabia has done something interesting. By offering 2.5% of a company its visibility will become global and that is the first nail in a coffin named Iran. And that is not the only one; there is another benefit to see when we take a harder look at Vision 2030.

You see Vision 2030 will be a clean systems sweep of 5G (and 4G lte) systems, the old 3G and other systems will be absent, the Saudi’s will get a much better view of what is needed in the 5G atmosphere without having old equipment holding it back, you might laugh, but do you have any idea on the amount of equipment out there switched on because there is some ‘twittle’ hardware connection, or the owners merely does not know that some equipment does not need to be turned on? It amounts to almost 7% of the electricity bill and the amount of technology and hardware involved shows a massive amount of additional loopholes requiring fixing. You might not think this is essential, yet when we realise that there is an amount that is between calculated and measured that is not addressed, we see a much larger issue, in at least two cases I have seen the ‘connections’ merely being ‘improperly’ addressed, I wonder what else was not done. Vision 2030 will allow us to look at hardware connected and we will see a whole range of equipment never connected. There will be an amount of niche markets that will evolve because of it and as we see that evolve, whoever is working in Neom City, will get an interesting benefit to this change.

Getting back to the IPO, there is every concern that the quote “Iran’s Islamic Revolutionary Guard Corps (IRGC) has every reason to keep the Saudis on the defensive and mess with Aramco’s IPO” has value, yet the first one who is part of the IPO will have the benefit of calling out Iran’s actions and now there will be nations with skin in the game, Iran is basically done for and it needs the nuclear benefit of playing the bully, yet it is running out of time no matter how blind the EU tends to be. When any Wall Street corporation has skin in the IPO, they will report it to any channel willing to expose Iran and that is what Iran really does not like, you see playing the bully only works when no one is looking at you and that option is about to end. They will now enter a stage where the writer claims ‘make investors nervous‘, yet when they go a little overboard and ‘make investors angry‘ their benefit is gone and that is why they need the nuclear pact to be in their favour. A bully merely knows no other way to look at matters, but now we see a much larger field and Iran is about to get exposed a lot more.

So now we get back to Neom City, the writer gives us “The plans (and promotional video) were impressive, but the effort failed miserably“, yet he gives no reason, I will, The amount of media willing to give Neom City the light of day could be counted with two hands, with the hundreds of accepted media in the Aether, they all shied away from Neom City and it was not Jamal Khashoggi. It was in part America and in part Europe that was scared. A city that is stated to be 22 times the size of New York is a building marvel, it would be no less than another world wonder and the powers that be have no intention of letting Saudi Arabia walk away with a world wonder, not in this age. Even as the bridge to Africa might never become a world wonder, the bridge itself will be a global accomplishment and it will give larger gains to Saudi Arabia. In addition it takes another premise, the city of Sharm-El-Sheikh (Sinai) would gain in several ways, whilst the bridge would open Saudi Arabia to Egypt in larger ways. It would also open up technology paths to Saudi Arabia. In addition we see: “Mohammed bin Salman has calculated that he has a greater chance of eliciting the loyalty of his subjects – and thus shoring up his power – by giving them movies, concerts, and WWE wrestling events; reining in the religious police; and granting women the right to drive“, yet it is missing a part, with the building needs growing for close to two decades, we will see a new class of people, A class to Egyptian Muslims working in Saudi Arabia growing the population and growing a larger stage of a new population drive, those needing a better life, we have seen this in America and Europe and it will drive a new need in these people finding a niche where they can settle their family in growth, that part will be new to Saudi Arabia and it will create new wealth group and a larger drive towards Saudi Arabia. I reckon that Saudi Arabia could grow to well over 20% this was and the size of Neom city would allow for a much larger growth giving new options to Saudi’s and those wanting to be Saudi.

As I see it Saudi Arabia could over time grow that IPO to be up to 9%, so basically it will get access to 3 times that maximum of 115 billion, with an offering that over time will be close to $400 billion, we see that Neom city has been paid for, at that point with the IPO in place, and Neom city ready to grow Iran will be shown to be the bully of the Middle East, and bullies can be dealt with in swift ways by any global population that is clearly aware, which now leaves us Hamas and Hezbollah, we actually need not look in those directions, Israel is looking there already, we merely have to wait what will happen next, with these two elements clearly in lace it will not take long for technology firms to seek their nesting grounds in Neom city, Huawei is actively looking, Google has set its premise, as have Apple, Microsoft and IBM (who added 197 jobs in the last month alone), so the need is being addressed, now it merely takes time for the entire stew to settle, once all the elements have been added, we only have to wait (which will be the hardest part), yet there is little to no doubt in my mind that when we see the elements of Neom City, we will see a much larger shift in the west, it will not only be to stay on par with Saudi Arabia, it will be to get all the residual hardware and all the non-effective hardware to be removed from hundreds of places, I reckon that the US will face a new technology need at that point.

You see, in the end, there is less to a decade to a ‘futuristic city’ and a technologically ‘apt city’, Saudi Arabia is about to show the world that part and all the other nations will need to show that they can keep up and with their debts sized the way they are that will be the hardest issues for them and the US knows it has a large problem keeping up, as does the EU, they never thought that they would require to meet wits with Saudi Arabia, they never thought it was ever going to happen, as such they were not ready. Iran is banking on it, in the end I wonder which of the two elements will be the strongest, I’ll let you figure out what I mean.

i believe that by 2035 the global technological will be redrawn, it will be a map that the EU and the US will not be happy about. The Wall Street Journal gave a nice presentation 4 days ago with ‘U.S. Government Is Tripping Over Itself in Race to Dominate 5G Technology‘ and ever as we see sources stating: “U.S. officials say the country is in position to reap those benefits”, we merely need to see SDXCentral giving us: “AT&T is tempering expectations for its forthcoming 5G network riding on sub-6 GHz spectrum. While AT&T says it was the first wireless operator to demonstrate 1 Gb/s and later 2 Gb/s speeds on a commercial 5G network running on millimeter wave (mmWave) spectrum, it’s not making any grand projections for a speed improvement on its forthcoming 5G network running on the lower spectrum bands” (at https://www.sdxcentral.com/articles/news/att-down-on-low-band-5g-speed/2019/11/) to see that they are all running for the advertised word and there is a large hiatus between the ‘advertised word‘ and ‘achieved technology‘, that difference was seen at the end of October as Reuters gave us: ‘Trump says U.S. will cooperate with ‘like-minded’ nations on 5G networks‘, everybody on the US sided mind is trying to fix the backlog that they have against Huawei and some of them have a huge backlog, when we see “Trump has held numerous calls with foreign leaders, including British Prime Minister Johnson in August, to urge them not to let Huawei use 5G networks“, yet at by the time have we seen ANY EVIDENCE that there is a national interest failure on Huawei hardware? America hopes that it has taken the hardware drive and fixed its own economy (and the mere fact that we will not ask questions), yet Saudi Arabia already has ties to Huawei giving Saudi Arabia the option to pull ahead and make the monthly gap larger on a daily basis. The difference is that intense. There is more and more evidence to see that the EU is not going the way of the US and that will give them an advantage on the hardware range, yet they still have all the other old hardware to deal with. They could face two issues, let’s not forget that Riyadh faces that too, but if Neom City shows the benefit to a newly constructed fast internet city, what we saw in the UK 5G image, that path will be faster seen in Neom city, merely because the change is pushed from the beginning and not after the fact (as most technologies are).

The ‘what 5G is about‘ shows what 5G could do and in many nations we see part of this appear over time, yet in case of Neom city, with a 5G focus it will come all at once, it will give Arabian software Engineers a larger playing field and a playing field on rolling out some of those solutions anywhere else in the world. It is a path that we seemingly forgot about and we have seen this path a few times from Japan and the US, just the idea that Saudi Arabia will be able to focus on it was never in the sight of any of them and it is scaring them, Neom City has become that scary to both the US and the EU (well and Japan too). They have all been in the mind for well over 5 years that they see it first in Japan and later on it will be rolled out to the rest of the world. Now that setting changes those in charge are afraid, they have no ties to Saudi Arabia and no ways to make them.

Fear will be the key that the US and the EU will employ to set issues straight, and stopping Neom City to a much larger extent will be their focus, which gets us back to the quote we saw: “the effort failed miserably“, There was as I see it a much larger need to keep it out of the media, the people just never got to see all the elements that were clearly visible in 2018 when initial view of Neom City was given. I saw the first parts in May 2nd 2018 when I gave “the attached Burton presentation ‘Opportunities in Saudi Arabia – Vision 2030 and Beyond‘ spends two slides on it and the most important part shown is “Vision 2030 calls for 50 percent of military equipment purchases from domestic suppliers instead of imports“” a presentation by Edward Burton, President and CEO, U.S.-Saudi Arabian Business Council from June 2017. (at https://lawlordtobe.com/2018/05/02/are-there-versions-of-truth/) in the article ‘Are there versions of truth‘ I had not realised all the elements at that point (why should I?) yet I saw that Vision 2030 would be a bigger issue yet the larger impact would be visible beyond “90 executives from both countries to sign new trade and investment agreements worth $350 billion” the fact that in these 90 we would see “Lockheed Martin ● Honeywell ● JPMorgan Chase ● The Dow Chemical Company ● ExxonMobil ● Jacobs Engineering ● Baker Hughes ● McDermott International” was clear, the fact that Jacobs Engineering Group Inc. (Steven J. Demetriou) was involved was a clear indicator of that. I believed that whatever think-tank Edward Burton responded to was seeing ‘roadmap for economic development‘ and Identifies general directions, policies‘ and optionally ‘CEDA established new operating models‘ and realised that this went way past the Council of Economic and Development Affairs (Saudi Arabia) there was an actual global impact. This setting has merely taken an accelerated view, especially in regards to Huawei, there is a much larger setting and we will soon see that the impact is global.

Darn! I was not the first to notice!

Even as we realise that the Council of Economic and Development Affairs was created in 2015, there is a larger stance where Saudi Arabia has found the flex point where they will become a global player, that is why Iran is scared, that is why other parties are about to play diminished roles and they are all afraid, their status quo is about to be removed.

 

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Funny Money, Amusing Thickheads

There are two issues and they do not link, but they are supportive of one another. I made notice of this situation 5 months ago in my article (at https://lawlordtobe.com/2019/04/27/then-the-hard/) called ‘Then the hard‘, in the article I give “Now we get to the part where the €2.5 trillion mark matters, as the ECB is trying to find new ways to convince others that the continued provision of stimulus to the economy matters“, as I see it the stimulus protects banks, makes them more powerful, it allows for political stupidity, yet the economy has not been saved (not in the two attempts), it has not been jump started, and it has not been a positive impact for its citizens, merely the industrial executives and the rich CEO’s (OK, that was a more biased view from yours truly, the writer).

As Bloomberg gave us on Saturday (at https://www.bloomberg.com/news/articles/2019-08-31/more-ecb-officials-pile-into-stimulus-debate-as-economy-wilts) ‘More ECB Officials Pile Into Stimulus Debate as Economy Wilts‘, and when we see: “the ECB should keep all options on the table to reinvigorate inflation and growth, including a relaunch of quantitative easing“, it is at that point that the EU citizens are getting screwed (again), more debt (again) and no resolution because the ECB is about the gravy train and not about resolutions. Yes that same article gives opposing voices, yet I would not be surprised that (by a narrow margin) the stimulus people win. This is why Brexit was so important!

In the end the retirees get hammered for those debts, the ECB officials have too fat wallets to care. At this point the debts have surpassed €3,000,000,000,000 and it seems that the end is nowhere near, yet the stage of bankruptcy is there. Even at 0.1% (no debt interest is ever that low) implies that the interest is €3 billion a year. A payment that is way beyond the budgets of any of the EU nations, payment due every year whilst the bulk of them have overextended themselves with budgets that should have been shrunk by well over 5%, so pretty much all the EU nations are running an economic deficit whilst the Mario Draghi Posse is handing out more money, printed money, for a lack of a better term funny money.

What the ECB is not telling anyone that most stimulus options fall flat when the UK officially leaves the EU that is the despair there. Their options melt away when the UK is out and that is why everyone is suddenly in a panic, that is why we get these moronic acts and even UK Labour is all about remain now. And with that part we move to the second part of this.

Now we get to the Chief of Grief, the Duke of Fluke, the one and only real loser in history (as I personally see it) Jeremy Corbyn. When we see headlines like ‘No-deal Brexit: Jeremy Corbyn vows to ‘pull Britain back from the brink’‘, or ‘Final sovereignty on Brexit must rest with the people‘ we see the idiot he is. There was a referendum, there was a voice and Brexit won, the issues with the ECB shows us that we are a lot better outside then inside that mess. There is no brink of Brexit, there is an economic mess and we will enter a stage of recession, anyone telling you that it can be presented is lying to you, or they are wielding massive amounts of money, amounts that no one has. This has been shown by people more intelligent than me and by people with actual economic degrees; they all are on the ‘remain’ fence, merely because it butters their bread. It gets worse when we see that the Hysterical Remain groups that have become violent, abusive and out of control, more important, to a larger degree the media isn’t even covering it. How is that for balanced information?

I have heard one or two actual ‘remainers’ who made a really good case, yet in the end, they have no control over the ECB and the ECB is in Europe at present the great evil. What they claim is good for Europe is to a much larger extent merely good for big business. When we look at those companies leaving the UK, these are all companies hiding behind taxation options, or facilitating to really large players and to some degree that is fine, but the ECB forgot that the well over 150 million small business owners see nothing of any of that and more important, they will see the impact of the 3 trillion euro of debt that the ECB created, things are that much out of whack and I do not get why people accept the presented BS that people like Jeremy Corbyn have been presenting to the masses. I am aware and I also believe that Brexit had its own waves of BS presenters. I made up my own mind and for the most I was leaning towards Remain, Mark Carney (the Marky Mark of the British bank) and especially his speech to the House of Lords was the setting of that stage. Yet he too had one flaw (if you want to call it that), there was no controlling the ECB and they are out again making some lame excuse on the essential economic need for more stimulus, whilst we already know now that it will not save the economy and they are willing to wager another trillion euro and spend it up front.

These people are not held accountable in any way and I say: ‘Enough is enough!‘ The UK is better off by itself steering the economic waters as it had done for centuries. Oh, I almost forgot the second part on sovereignty, sovereignty does not rest with the people, it rests in Buckingham Palace with HRH Queen Elisabeth II. There was a referendum and the Brexit group with a little over 51% won. And to those people still in doubt, you only have yourself to blame with the mess you are creating. There were 46 million votes, representing a 72% group, so 28% did not even bother to vote! Those 13 million votes were invalid straight of the bat, with only 25,000 invalid or blank votes we see no real impact, it they were all remain voted it would not have mattered. When you consider all this and you see the hooligan masses being remain people, we see two parts, the first is that they are moronic (worthy of UK Labour), yet the larger issue is that a lot are in anger because they are not getting properly informed. Stories like: ‘UK government officials told the food industry that supplies of liquid egg could run out in a no-deal Brexit‘, yet the operative word is ‘could‘ we just do not know, and not knowing is adamant in a lot of this, yet the people have faced two years of fear mongering, all large consortiums that see a danger to their margins, not the margins of the shop, the margins to executives and their bonuses, and the people are eating the fear hook, line and sinker. There will be actual issues, but the foundation of all this is that this has never happened before and the EU and the ECB did this to themselves. We all forget how this started, this all started when Greece in 2009 had misrepresented itself and we saw issue after issue, debt after debt and the politicians that caused it merely walked away. Then we were told stories on how Greece might be evicted from the EU, the news was all over that yet the truth was that we were misled (or is that made Miss Led?) The Guardian (in 2015) gave us: “As Athens will be unable to satisfy its financial obligations after a default, many hardliners expect Greece to leave the Eurozone, and printing as much neo-drachma as necessary. Some see this as the only solution to the Greek crisis: it would allow Greece to devalue its new currency, supposedly making the country competitive and resulting in economic growth and the ability to repay its debt“, in addition we get: “while only article 50 of the EU treaty regulates how a state can leave the union. And a mechanism for leaving only the Eurozone or for expulsion even has not been provided for at all“, basically the stupidity of the EU was that they stated that every member will always be up front and do what must be done, which was deceptive in its own rights. So a group that is merely inclusive and under stringent rules can they leave, yet in addition other sources gave us that NO MEMBER can be expelled. This is called a Corporatocracy, not a democracy. Corporations decide on what happens and that is what we basically see at present. The problem here is that any Corporatocracy will limit its actions towards enablers and consumers; the rest is pretty much screwed. In a monarchy all citizens matter and the people do not seem to be able to grasp that, the UK (and the Netherlands, as well as Sweden, Belgium and so on are monarchies within a Corporatocracy and that is a very different setting, that stage can only be made profitable where debts are soaring and the banks not the government decide where you can be at, a situation we see all over Europe. this is not new, I did not invent it, other voices going back to 2014 say pretty much the same thing, I merely have a lot more data available at present. The media relies on advertisement money from any Corporatocracy, so you cannot expect them to actually inform you, it is a double edged blade and both sides are pointed at YOUR guts, it is that detrimental a situation.

So as Greece made a few issues clear in the wrong way, people like Nigel Farage went with the notion of ‘Better Out than in‘, I agree with him, yet I remained on the fence for the longest of times. It was the second ECB stimulus who would put us so much deeper in debt that got me across. The first stimulus was fine, it was an option and even as it did not work out, it gave Europe time, yet the second one the best we could hope for was time and that is where the problem started and now as stimulus 3 is on the table the setting is too unacceptable, the UK needs to get out and fast, deal or not.

Let’s not make a fairy tale, this will not be a nice time and things will get worse for a little while, anyone telling you different is lying to you. The issue is that with the ropes cut the EU cannot force debts on the UK to the degree it is doing now, more important the UK gets to make a few other choices and it will down the road (3-4 years) turn the economy in something stronger. It will result in an actual better quality of life over time, but it will not be immediate. This is why the ties and economic options with players like Huawei (5G), nations like Saudi Arabia (all kinds of goods) and a few other players become important (optionally India with generic medication). Anyone with the misguided notion that Human Rights are the optimal route better stay at home. If Human Rights were an actual power there would be no age discrimination, there would be actual better (and more) housing and there would be a better social security. All missing and mostly because in a Corporatocracy, corporations are largely tax exempt, exactly what we see today. In that stage we now see the rumblings, even as players like Google, Facebook, Amazon, Apple and others are all making noises on leaving, they do so at the risk of losing 69 million consumers. Facebook is truly global, so is Google to the largest extent, yet for Apple we get Huawei, ASUS and HP, Amazon leaving would give the people a slimmer HMV and optionally small businesses come back (my preferred solution), and even as corporations are shouting, screaming, streaming and threatening, they all realise that you cannot walk away from 69 million consumers. Not when they need to share the smaller EU pool with 3-4 competitors at every corner. That is the part we all forgot, consumer power is actually power and we listened to the likes of Jeremy Corbyn for far too long. To be honest, I never thought that it would be possible to be more dim than Nick Clegg (LIBDEMS), yet I was wrong, Jeremy Corbyn pulled it off nicely. I am not stating that Boris Johnson is without flaws (his barber being the obvious one). I am stating that the UK has been in a dangerous position for far too long and as long as the ECB does the way it does it, the danger stays, getting away from that danger is an immediate need at present.

 

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War lines and Battle lines

We all know them, we all personally have them. Some are founded on the realism of professional life, In thee we see the person who works well with others, there is one that is off. You see, that person also wants the senior position you have been working towards and there are two paths trodden at the same time. Your opponent is working as hard as possible to be better and in that same stretch equally is working to make sure that you look worse. The acts are trivial, a little block here, a little delay there and it seems all friendly, it seems corporate, yet you know better, you know that this person is after your future goal. It is corporate politics. You both work towards pleasing the larger shark, you both work to get the amenities to gain favour and play whomever you can to end up being first. It is the corporate environment and we have accepted that for close to a quarter of a century, if not for longer.

It is seen everywhere and this same setting is now in a stage for the conservatives and Brexit as well. Here we see a growing list, a list that currently includes Suella Braverman, Shailesh Vara, Esther McVey, Dominic Raab, Jo Johnson (Boris Johnson cleverer brother), Guto Bebb and now Sam Gyimah. We could go on and point out on how the connections are with places like Goldman Sachs, but that is merely stupidity to the max, Brexit is much larger than that.

And the Guardian (at https://www.theguardian.com/politics/2018/nov/30/sam-gyimah-resigns-over-theresa-mays-brexit-deal) gives us oppositional goods we should not ignore. When we see the quote: “In these protracted negotiations, our interests will be repeatedly and permanently hammered by the EU27 for many years to come. Britain will end up worse off, transformed from rule makers into rule takers“. We see a partial and an absolute truth, we could argue that they are both partial, yet that is actually influenced by the economic powers like Goldman Sachs.

Britain will end up worse off‘, I never denied this. The issue is not the temporary ‘worse off’ part, because it is merely a temporary stage, the actual issue is the unaccountable acts by the ECB and people like Mario Draghi. Three trillion all pumped into a stage that was never going to work. That evidence has been clearly seen, yet the overspending goes on and on and on. Being a member of a group where simple book keeping and budgeting is lost again and again due to a two party political game (national party members versus EU party members) is costing the nations dearly and for the most they are all playing possum, it’s not a good thing believe me. The additional issue that all places (like Bloomberg) where we see: ‘Draghi Says ECB Still Expects Net Bond Buying to End in December‘, yet the operative word here is ‘Expects‘.

It is the larger problem in this. Even as the last month has set in we are not given that December is the end date, gives rise to the setting that they want to continue this bad plan. That and a few other parts give rise to walking away. I would personally add that unless nations get the right to targeted killing the heads of the ECB, both present and past (Mario Draghi is about to leave), we should not give any confirmation of talks in any direction. The taxpayers have been given the bills of the high, rich and mighty for too long. When this game collapses (and it will) Europe faces a civil war level of unrest and so they should. They key points in Bloomberg: “The end of new bond buying won’t mean the end of stimulus, Draghi said, in light of the reinvestment of maturing assets, guidance on interest rates and the 2.6 trillion euros ($3 trillion) of securities purchased by the ECB so far. Chief economist Peter Praet made the same point earlier on Monday” gives support to my view (as well as some consideration that we might have to resort to targeted killing at some point).

our interests will be repeatedly and permanently hammered by the EU27 for many years to come‘ the second part is the consequence of banks losing power and momentum, because 68 million consumers walking away will hit EVERY book there is and the banks and power players will become vindictive little children as their need and desire for Sex, Drugs and Rock & Roll can no longer be met. Salespeople in a growing economy walk around like the (Pea)cocks that they are, in a recession and shrinking economy the become blaming little bitches, just like every other corporation. I have seen it too often. Making deals they cannot hold and when the facts are laid out they go into the blame game throwing it on the others ability not to be able to communicate. Cash is king, bonus is sacred and the rest can get fucked. That is the world we created and the UK will get hit by it, yet there is also another part. You see, the quiet number two elements in that venue will see it as an opportunity to rise and people like Sam Gyimah know this, he was at Goldman Sachs long enough. For almost five years the UK and Scotland did not consider the power place they had to assist India to become much larger European players and as such get some of that cream. But some were too busy facilitating to Pfizer and not considering the position nearly every NHS in Europe has and the ability for India to become part of the solution here. I saw this opportunity as early as 2013, but the others were too busy looking into the mirror, considering which DJI logo would look better in their photo frame of a long term sustainable life of wealth. During those 5 years Wall Street has all been about setting the stage to build fortresses to protect IP to their wealth. It is the stage of Jonas Salk versus Pharmasset & Gilead Sciences. Jonas Silk walked away from a $34 trillion payout and saved the American people, as well as many millions all over the world. His action caused the eradication of polio, the other two have the solution to Hepetitis C and is set in value to well over $11 trillion, and these patents are still highly protected for another two decades. America only fights protectionism when it suits them, interesting, not?

There is a third part, a part we all (including me) seemingly ignored. The distinguishing of ‘rule makers to rule takers‘ is a path we need to consider, even as the EU gravy train is in full motion, we see that rule makers are only there in the stage of presentation, to keep asleep the masses. If that was not the case there would not have been an Italian Budget issue, but there is ad even as we see: “Rome could ultimately face a fine of up to 0.5 percent of economic output — or some €9 billion“, should we see it for what it is, a joke? The Italians will add the fine to the debt; they will do whatever they please and in that, Europeans are in a Europe where the rich and the ignoranusses do whatever they please. How is being part of that anything but a joke?

  • The unaccountable actions of the ECB
  • The unmanaged ability to keep budget within the EU
  • The lack of transparency in EU politicians (travel expenses anyone?)
  • The lack of long term thinking
  • The lack to innovate parts that need overhaul

The UK has failings there too, yet by themselves they can make amends over time, in this European Union there is no chance of that happening. So, as the UK pushes Brexit, there will be impact, there will be cost (it was never denied), yet as the UK improves its own standing, whilst the EU keeps on going spending trillion after trillion on ‘stimulus after stimulus‘, it is at that point where the flaccid economies (France and Italy) will impact the others and the ‘rise’ and bettered economies all over Europe to the smallest extend, will not undo the overspending to the much larger extend, we will see presented bettering, followed by managed bad news in that same fiscal year. The entire issue with Mario Draghi and the G30 bankers group is merely one visible example of many. If you think that there is no impact, guess again. How long until we learn what happened in the G20, only after it passed the consent of the G30? The Europeans are about to be diminished to empowered consumers versus disregarded collateral. Some went as far as the early 80’s to make statements in that direction, yet the 90’s was too enabling, only now, only as we see that the entire large corporation setting can no longer be maintained, now we see a much larger change and for all those players it is important to sink Brexit. A true independent monarchy is a danger, because whatever step forward the monarchy makes, the other path will have to take two steps back, and you tell me, when was the last time that banks were willing to do that? For that to succeed all European nations will have to be ‘reduced’ to rule takers, and who elected them exactly?

And right there, we see the final part that opposes the quote of Sam Gyimah. With: “It has become increasingly clear to me that the proposed deal is not in the British national interest, and that to vote for this deal is to set ourselves up for failure. We will be losing, not taking control of our national destiny“, you see, in this EU, the British National Interest is merely a presented one, a PowerPoint page in a stage where the EU parliamentarians and ECB dictate the stage without transparency. That part is seen in two headlines in the last month alone. The first is Bloomberg, giving us: ‘Draghi Defies EU Criticism in Attending Group of 30 Meeting‘, the second one is the Financial Times giving us: ‘EU bank stress tests should be redesigned, says watchdog head‘. The second one (at https://www.ft.com/content/868f2dfc-e842-11e8-8a85-04b8afea6ea3), also gives us: “The comments by Andrea Enria, who is set to become the eurozone’s top banking regulator, were made two weeks after the latest stress test results, which saw British lenders among the worst performers while Italian banks largely sailed through“. As we were treated to the Italian issues over the last month, with Reuters taking the Cheesecake with “Italy’s third-largest bank Banco BPM will discuss an up to 8.6 billion euro bad loan sale at a board meeting on Thursday, picking one or two bidders to continue talks with, three sources familiar with the matter said“, I would really like it if someone would have that conversation of applied logic with Andrea Enria in the near future, especially in light of certain facts openly available. When performance is weighted on the absence of bad loans, I reckon that we get numbers that make no sense at all, optionally making the European economy 0.2% better than it actually is. It could push Italy, France and optionally Spain form a positive to a negative economy, when two of the large four are negative, how much trouble is the EU actually in?

I have never trusted any group that demanded continued membership at any cost. If the EU was so great, people would not want to walk away and now we have two members one who is trying to leave and the second one (Italy) is seriously considering walking away. In all this the third player (France) is in a stage where a positive economy is not likely to come soon. Strike after strike is making that an almost dead certainty. I wonder what the numbers would have been if we had removed Greece (not withdrawing support from them though), as they had less adherence and more options to seek solutions, things might actually be less dire for the EU. The fact that once in never out is the standard gave (in my personal opinion) rise to politicians doing whatever they pleased no matter who got hit in the process.

There is one upside, those who have been placing battle lines are now out in the open, so we see a stage where we start identifying the opponents, the question becomes will there be actions, long winded speeches, or denial? Each has a separate disadvantage and none seemingly have advantages, that is also the impact of a ‘once in never out state called European Union’, for all the benefits are merely given in a memo, with bullet points and is redundant the moment that the next memo is released.

Did anyone realise that?

 

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